NOT LISTED FOR SALE

7695 Artesian St Detroit, MI 48228

Franklin Park Neighborhood

Estimated Value: $64,118 - $119,000

2 Beds
1.5 Baths
714 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 26, 2014

Last sale price $5,500 $8 Per Sq Ft

Est. 1,337% increase in value since last sale

Current estimated payment $484/month

23 Days on Market

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Bungalow
  • Cass Technical High School Rated 10
  • Porch
  • Fenced

About This Home

As of March 2014

Opportunity for a good investment property. All aluminum. Maintenance free exterior and 1.5 car detached garage. Finished attic. Hardwood floors. Partially finished basement. This is a FannieMae HomePath property.

Last Agent to Sell the Property

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 02/12/2014

Last Buyer's Agent

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 02/12/2014

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00x137.00
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 714 Sq Ft Home
  • 1.5-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Warrendale Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I085482S

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 240
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 714

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Construction Features: Platted Sub.
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Gravity
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • List Price per Acre: 45384.6154
  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00X137.00
  • Parcel Number: W22I085482S

Tax Info

  • Tax Amount Summer: 1395.0000
  • Tax Amount Winter: 165.0000
  • Total Tax: 1560.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Mar 25, 2014
Sold by
Fannie Mae
Bought by
Faust Rakhel
Seller's Agent
Robert LaBute
Real Estate Management Specialists Inc
Buyer's Agent
Robert LaBute
Real Estate Management Specialists Inc
List Price
$5,900
Sold Price
$5,500
Premium/Discount to List
-$400
-6.78%
Current Estimated Value
$79,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,530
Avg. Annual Appreciation
25.83%

Purchase Details

Closed on
Jun 27, 2013
Sold by
Loftis David W and Loftis Jacquline
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 11, 2008
Sold by
Estate Of Pauline Makowski
Bought by
Loftis David
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Faust Rakhel $5,500 Best Homes Title Agency Llc
Federal National Mortgage Association $20,255 None Available
Loftis David $30,000 Excel Title Agency Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2014 03/26/14 Sold $5,500 -6.8% $8 / Sq Ft
03/07/2014 03/07/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $5,900 -- $8 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $837 $30,000 $0 $0
2024 $837 $25,100 $0 $0
2023 $120 $19,600 $0 $0
2022 $2,404 $17,100 $0 $0
2021 $1,173 $13,600 $0 $0
2020 $1,172 $12,100 $0 $0
2019 $1,155 $10,600 $0 $0
2018 $1,018 $10,100 $0 $0
2017 $195 $10,300 $0 $0
2016 $1,118 $13,100 $0 $0
2015 $1,310 $13,100 $0 $0
2013 $1,960 $19,601 $0 $0
2010 -- $28,738 $865 $27,873
Source: Public Records

Agents Affiliated with this Home

  • Robert LaBute

    Seller's Agent in 2014

    Robert LaBute

    Real Estate Management Specialists Inc

    (313) 533-6300

    3 in this area

    165 Total Sales

    Robert LaBute
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Map

Source: Realcomp

MLS Number: 214012701

Realcomp

APN: 22-085482

Michigan Wayne County Detroit 48228 Franklin Park

7695 Artesian St, Detroit, MI

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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